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As yeare froms todlay 1.81 Brandon wants to double his money in 8 years To do , he must invest in an account 5.466 b

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As yeare froms todlay 1.81 Brandon wants to double his money in 8 years To do , he must invest in an account 5.466 b 6.992 7.67s d. 8.759 e 9759 A bank offers 8% APR on saving accounts, what is the effective annual rate (EAR) r compounded monthly? (Formula: EAR- 9. APR/m) m- A. 5.095% B. 6. I 16% C. 7.062% D. S.300% E. 9,381% As yeare froms todlay 1.81 Brandon wants to double his money in 8 years To do , he must invest in an account 5.466 b 6.992 7.67s d. 8.759 e 9759 A bank offers 8% APR on saving accounts, what is the effective annual rate (EAR) r compounded monthly? (Formula: EAR- 9. APR/m) m- A. 5.095% B. 6. I 16% C. 7.062% D. S.300% E. 9,381%

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